8 Ill. Adm. Code 900.APPENDIX A
A Surety Instruments
Section 900.APPENDIX A
Surety Instruments
Section 900.ILLUSTRATION B
Irrevocable Standby Letter of Credit
IRREVOCABLE
STANDBY LETTER OF CREDIT
Director
Illinois Department of
Agriculture
P.O. Box 19281
Springfield, IL 62794-9281
Dear Sir or Madam:
We have authority to issue
letters of credit. Our letter-of-credit operations are regulated by the
Illinois Commissioner of Banks and Real Estate or our deposits are insured by
the Federal Deposit Insurance Corporation or the Federal Savings and Loan
Insurance Corporation. (Omit language that does not apply.)
We hereby establish our
Irrevocable Standby Letter of Credit No. ____ in your favor, at the request
and for the account of __________ up to the aggregate amount of __________U.S.
dollars ($___________), available upon presentation of:
1.
your sight
draft, bearing reference to this letter of credit No. ________; and
2.
your signed statement reading
as follows: "I certify that the amount of the draft is payable pursuant
to regulations issued under authority of the Livestock Management Facilities
Act [510 ILCS 77] and 35 Ill. Adm. Code 900.7-6(a) or (c)."
This letter of credit is
effective as of __________________ and shall expire on __________________.
Whenever this letter of credit
is drawn on, under and in compliance with the terms of this credit, we shall
duly honor such draft upon presentation to us, and we shall deposit the amount
of draft directly into a designated account in accordance with your instructions.
This letter of credit is
governed by the Uniform Commercial Code [810 ILCS 5].
Signature
Typed Name
Title
Date
Name and address of issuing
institution
This credit is subject to